A survey completed by UPC on Ireland's Digital Economy has found out that up to 60% or €3.5bn of online spending by Irish consumers goes abroad, while a quarter of Irish businesses do not have any web presence.
The study forecasts that the value of Ireland's internet economy will grow from €8.4 billion a year now, to over €21.1 billion a year by 2020.
The survey found 59% of adults in Ireland shop online at least once a month.
It also found that consumer spending online is currently worth €6bn a year and will grow to €13bn by 2020.
Gerard O'Neill from Amarach Consulting said "The failure of Irish businesses to capture the online market was a very significant lost opportunity."
Are you one of the 25% of Irish Business' without a website missing out on a share of the €8.4 billion being spent online by Irish Consumers every year.
If you would like more information on how to get your business online, give us a call on 074-9128848 or email email@example.com.
Can you afford not to???